AT&T Inc (T): Today's Featured Telecommunications Loser

AT&T was a leading decliner within the telecommunications industry, falling 39 cents (-1.1%) to $34.87 on average volume.

AT&T ( T) pushed the Telecommunications industry lower today making it today's featured Telecommunications loser. The industry as a whole closed the day down 1.3%. By the end of trading, AT&T fell 39 cents (-1.1%) to $34.87 on average volume. Throughout the day, 23.9 million shares of AT&T exchanged hands as compared to its average daily volume of 28.2 million shares. The stock ranged in price between $34.65-$35.10 after having opened the day at $35.04 as compared to the previous trading day's close of $35.26. Other company's within the Telecommunications industry that declined today were: RIT Technologies ( RITT), down 40%, Calix ( CALX), down 21.8%, DragonWave ( DRWI), down 12.6%, and Tim Holding Company ( TSU), down 9.3%.

AT&T Inc., together with its subsidiaries, provides telecommunications services to consumers, businesses, and other providers worldwide. AT&T has a market cap of $207.78 billion and is part of the technology sector. The company has a P/E ratio of 51.4, below the average telecommunications industry P/E ratio of 52.1 and above the S&P 500 P/E ratio of 17.7. Shares are up 17.2% year to date as of the close of trading on Wednesday. Currently there are 11 analysts that rate AT&T a buy, one analyst rates it a sell, and 18 rate it a hold.

TheStreet Ratings rates AT&T as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.